AMA with Project Panda
Welcome to the recap of our AMA withProject Panda!
Our vibrant and enthusiastic community had a lot of questions to ask. To those who want to know quickly what Project Panda is about, we are sure this recap is gonna help you. So without further ado, continue reading.
Introduction with Project Panda
Q1.First of all, could you describe what really is Panda project is about?
Project Panda is a socio-NFT platform which is building a future-oriented NFT exchange infrastructure and allowing the creators plus artists to come together on the platform. The users can upload the digital NFTs and create contracts for their management. Working with the PNDA token, the users will get access to the prebuilt technical infrastructure for the Global BEP-20 compatible contracts. One of the key objectives and motivation behind the project is to create awareness around the endangered species
Q2. What problems does it seek to solve?
There are two key challenges we wish to solve via Project Panda — 1) Social awareness and impact for our endangered species 2) Building simple to use interface and providing a useful infrastructure for the artists to create NFTS
This is the core vision behind Project Panda
Q3.We are so curious about $PNDA, Could you please tell us about $PNDA , its total supply, its features, and where we can buy it?
$PNDA is a utility and deflationary token that drives Project Panda. Its main features are — 1) Transactions on the NFT platform 2) Deflationary — Every transaction will burn 1% of it from $PNDA supply 3) Governance — Holders can vote on major issues and create new proposals. There will be a total of 10 million tokens in supply for $PNDA out of this ~2 million tokens will be burnt. We cannot mint any more tokens after this.
$PNDA is launching tomorrow on Pancakeswap at 4pm UTC
Q4.What is Project Panda’s strategic plan in this year 2021?? @projectpnda
2021 is going to be a very exciting year for us and I am really looking forward to it. Project Panda aims to first launch our native token tomorrow. Right after which we will releasing our in-housing staking platform. In Q2, 2021 we plan to roll out our NFT platform and launch our partners program where we will be collaborating with a multitude of charities and try and create some meaningful impact in the world
Community ask Questions by Twitter
1.- Speaking of NFT artists, how will the panda project get millions of people to see some artists’ NFT art? What is the opportunity that the Panda project offers its artists? Will these artists really be rewarded as they deserve?
The core philosophy behind Project Panda’s NFT platform is ‘User First’ this means we dont expect our artists to be tech savvy. Hence, we will ensure that the platform is as simple as possible and requires the least amount of technical knowledge one needs; we want people to do what they do the best and out here we want the artists to create their art and not deal with technical jargons; leave that to our development team. The price for each NFT will be determined by the artists themselves and we will have the lowest transaction fee of any NFT platform in the crypto space
2.- You point out that “DeFi is about solving real life social and business problems”, but does Project Panda really manage to use the necessary potential of DeFi to solve those problems? If so, could you point out some of those “real life problems”?
The team behind this project comes from a tech, marketing and social background. Hence, the core belief for us is to make the world we live in a better place. We want to combine blockchain technology and achieve this. We will be donating a % of every transaction on our NFT platform to various charities around the world; thereby making it a better place for everyone
3.- Will the NFTs trade within Project Panda be carried out only with their native PNDA token? If so, how will users be able to acquire these tokens? In which exchanges is it listed?
We haven’t launched our native token $PNDA yet. Its getting launched tomorrow at 4pm UTC on pancakeswap to begin with. There was no presale; we are doing a direct fair launch to be fair to our community. Right after this we will be expanding this to a multitude of exchanges; we have already been approached by some of the biggest names in the crypto space 😊
Community ask question by Website
Website question no 1.
On Twitter you said that you completed the audit with solidity finance, does Project Panda regularly carry out audits? and are the results of the audit notified in a transparent manner to the community?
Telegram Username: @truongtho89
Project Panda, [16.04.21 11:55]
1 — Security and transaparency is very key for us. To ensure this we do regular audits for all our smart contracts like we just concluded the one with Solidity Finance where we passed all the checks with green signal. This is done to ensure user trust in the project. We are always transparent about all the info we have. You can access the audit report here — https://solidity.finance/audits/Panda/
Website question no 2.
You point out that “DeFi is about solving real life social and business problems”, but does Project Panda really manage to use the necessary potential of DeFi to solve those problems? If so, could you point out some of those “real life problems”?
Telegram Username: @KASG95
I will just paste the answer I answered above — 2- The team behind this project comes from a tech, marketing and social background. Hence, the core belief for us is to make the world we live in a better place. We want to combine blockchain technology and achieve this. We will be donating a % of every transaction on our NFT platform to various charities around the world; thereby making it a better place for everyone
Website question no 3
I understand that to create an NFT you need to register as an artist in Project Panda, right? If so, could you explain the registration process to us? Will it be required to complete KYC and any other design tests?
Telegram Username: @AugusS7
To ensure authenticity around the NFTs we will be doing a thorough background check for all the artists who wish to sell their NFTs on our platform. This will include KYC and social proof of their work. This is to ensure authenticity and prevention of duplicates for our users
Telegram live Questions answered by Project Panda
Q1 from Gutike:
Currently all the projects are developing their own NFTs, only that each one develops it with a different theme, but will Project Panda have any other differences in their NFTs with respect to other projects, apart from the theme?
We are a NFT marketplace meaning anyone is free to sell their nfts on our platform (after some authenticity checks). So, we aren’t selling our own nfts but ensuring a transaction between a buyer and a seller happens. We provide the technical infrastructure for this
Q2 from HARAMJADA:
How important is the community to Your project? and how can we collaborate or help share token for the development of the project?
Community is the biggest key for us. We strongly believe in the saying — “If you want to go fast go alone but if you want to go far go together”. Project panda will be a DAO eventually which means all the major decisions will be taken by the community. We believe community is the most essential foundation for any crypto project and we are blessed to already have such a big and amazing one! 42k users in telegram and 36k on Twitter shows the big belief in this project.
Q3 from Bogota:
Smart contracts are one of the vital objects of security, how about smart contracts at your project have they been audited by internal or external parties then how ready is $PNDA respond to these conditions?
Yes this is already in our road map. dApp is currently in the building phase. It will be released this year on iOs and Android
Q4 from Lastri Septiani:
STAKING & NFT is currently popular, what do you think about $PNDA for the future? will your platform involve it? and what benefits will be obtained as a user?
Project Panda combines DEFI, NFTS, Staking, DAO and Charities. No other project in crypto is doing this and that gives us an early bird advantage over others. I am sure over the next few weeks you will start seeing more projects like us once they see the success. I am honestly very excited about the NFT platform and our partners program where we are going to tie with some of the best charities around the world and create a meaningful impact in the world we live in